Skychain Will Revolutionize Medical Neural Networks Market with Its Forthcoming ICO

| Updated
by Eugenia Kovaliova · 3 min read
Skychain Will Revolutionize Medical Neural Networks Market with Its Forthcoming ICO
Photo: Skychain / Twitter

The blockchain startup Skychain, which provides the possibility to create, train and use high-quality medical neural networks, officially starts the pre-sale of its tokens on December 18, 2017.

In the field of modern medicine, neural network-based artificial intelligence is currently standing on the same level with best doctors at diagnosing diseases. However, the development of the AI-in-medicine market is still interrupted by a range of issues, such as lack of unified infrastructure, problematic access to medical data, expensive equipment for effective machine learning, complicated design and training tools. Skychain is going to change the situation for the better.

Skychain represents a blockchain-based platform providing the possibility to create, train and use high-quality medical neural networks. The key idea of the project is to create an infrastructure that will accumulate the resources of the majority of participants of this industry and surpass any closed corporate product.

Such ecosystem will be beneficial for both parties – neural network developers and medical data providers. Medical data providers will be able to connect to the Skychain infrastructure and make their datasets available for neural network training. All the trained neural networks will remain in the closed loop, so their developers will not be able to download them for use outside of the Skychain system. This approach guarantees that data providers will be rewarded for each use of any neural network trained on their data sets.

Moreover, Skychain will significantly reduce the medical neural network development cost, which will lead to more and more high-quality medical neural networks appearing within the Skychain ecosystem. The platform will provide a convenient tool for neural networks development and the possibility of their inexpensive and fast learning with the help of the distributed computing resources of Skychain members. The total computing power of Skychain will exceed the data centers of any large corporations.

As a result, neural networks will be abundant in Skychain, which will increase its value for the end user and help Skychain gain a leading position in the market. IBM estimates that the medical neural network market can reach $200 billion in several years. Skychain is to grab a substantial share of that market.

The pre-sale of Skychain’s tokens, so-called Skycoins, officially starts on December 18, 2017 and will last until January 7, 2018. During this period, Skycoins will be sold with 50% discount. Prior to the ICO, Skychain representatives will speak at eight or more major crypto conferences all over the world.

The most important thing about the Skychain project is that it is based on existing approaches and technologies and all the legal and regulatory issues have already been worked out. According to this fact, it is very likely that all Skychain token buyers will make a nice profit when the project is finally implemented.

Blockchain News, News, Token Sales
Eugenia Kovaliova

Eugenia can call herself a multy-interested person, as she is always in search of new proffessional fields to encompass. After graduating from Belarussian State University with Bachelor degree in both International Communication and Public Relations, she joined a travel startup Fresh Adventures, where she worked for 3 years creating unique itineraries through exotic countries, travelling around the world and developing the company as a partner. Currently, she works as a business analyst in the field of information technologies. She believes that IT is the future, that is why it is so important to keep up with the latest trends in this rapidly growing industry.

Related Articles